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Downtown LA's office buildings are more than 30% vacant. Here's how that happened. #realestate

Name: Downtown LA's office buildings are more than 30% vacant. Here's how that happened. #realestate
Uploaded: 2025-09-30T13:01:49Z
Description: In Downtown Los Angeles, gleaming, graffitied towers loom over an office district that was more than 30% empty last quarter. Those towers, from the failed Oceanwide Plaza development, have become a symbol of DTLA's struggle. The Real Deal sent senior editor Lauren Schram on the ground to check out the market, explain how it got here, and where it could go next.

9/30/2025, 1:01:49 PM

In Downtown Los Angeles, gleaming, graffitied towers loom over an office district that was more than 30% empty last quarter. Those towers, from the failed Oceanwide Plaza development, have become a symbol of DTLA's struggle. The Real Deal sent senior editor Lauren Schram on the ground to check out the market, explain how it got here, and where it could go next.